Business News
Property, Construction, Cars to Lead Indonesian Recovery in 2021: Fitch
Last year’s hardest-hit sectors of property, construction and automotive are expected to lead Indonesia’s recovery this year as they bounce back from the pandemic-induced slump on strong fiscal incentives, says Fitch Ratings. Director Olly Prayudi and associate director Salman Alamsyah of the global credit rating agency said the three sectors…
Indonesian Minister: Economic Chart Forms 'V Shape' as Currency, Index Recover
Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that the state's economy have shown signs of recovery from the Covid-19 crisis, starting in January this year. He referred to the Jakarta Composite Index (JCI) and rupiah exchange rate, which he said to be forming a V shape. "The JCI…
Tourism: Hoping for a "Hot" Summer
Tourism activity represents a considerable part of the economy in Italy, Spain, Portugal, and Greece.The sector accounts for between 6% and 8% of these countries’ GDP directly and for further 8% to 13% indirectly, representing a major component of services exports. Countries have been forced to take restrictive measures to…
Anti-foreign Products; Jokowi Asserts Indonesia Still Adopts Open Economy
President Joko "Jokowi" Widodo asserted that Indonesia still adopted an open economy albeit, in recent days, he has often called on people to love Indonesian products and hate foreign products. “I call on the public to love and be proud of Indonesian products and dislike products from abroad. Once again…
